Does capitalist economic growth lead to greater inequality, or less? The mid-20th-century economist Simon Kuznets believed that at first, industrialization would lead to greater inequality as a few pioneering entrepreneurs and workers moved to the cities where the growth was happening. But as rural areas emptied out and the economy matured, he said, inequality would fall. This prediction contradicted Marxist ideas, which envisioned a capitalist class steadily immiserating the workers of the world. The solution to the problems of capitalist growth, Kuznets asserted, was more capitalist growth.

Does capitalist economic growth lead to greater inequality, or less? The mid-20th-century economist Simon Kuznets believed that at first, industrialization would lead to greater inequality as a few pioneering entrepreneurs and workers moved to the cities where the growth was happening. But as rural areas emptied out and the economy matured, he said, inequality would fall. This prediction contradicted Marxist ideas, which envisioned a capitalist class steadily immiserating the workers of the world. The solution to the problems of capitalist growth, Kuznets asserted, was more capitalist growth.

Inequality is caused by cronyism not capitalism.

“The further a society drifts from truth the more it will hate those who speak it.” … George Orwell

Does capitalist economic growth lead to greater inequality, or less? The mid-20th-century economist Simon Kuznets believed that at first, industrialization would lead to greater inequality as a few pioneering entrepreneurs and workers moved to the cities where the growth was happening. But as rural areas emptied out and the economy matured, he said, inequality would fall. This prediction contradicted Marxist ideas, which envisioned a capitalist class steadily immiserating the workers of the world. The solution to the problems of capitalist growth, Kuznets asserted, was more capitalist growth.

Inequality is caused by cronyism not capitalism.

Thank you! It's so frustrating when those on the left doggedly refer to the present mixed economic system of corporatism as thought it were a real market economy!

Writer, technologist, educator, gadfly.
President of New World University: http://newworld.ac

Does capitalist economic growth lead to greater inequality, or less? The mid-20th-century economist Simon Kuznets believed that at first, industrialization would lead to greater inequality as a few pioneering entrepreneurs and workers moved to the cities where the growth was happening. But as rural areas emptied out and the economy matured, he said, inequality would fall. This prediction contradicted Marxist ideas, which envisioned a capitalist class steadily immiserating the workers of the world. The solution to the problems of capitalist growth, Kuznets asserted, was more capitalist growth.

Inequality is caused by cronyism not capitalism.

Thank you! It's so frustrating when those on the left doggedly refer to the present mixed economic system of corporatism as thought it were a real market economy!

More like "Socialist Capitalism" really. Some are more "equal" than others. That is why I sincerely believe that government needs to shrink and with that shrinkage come goes a shrinking trough. And it needs to happen soon before we are nothing more than slaves

“The further a society drifts from truth the more it will hate those who speak it.” … George Orwell

Well, but "socialism" actually means something, it suggests the means of production are nationalised, and that's not the case under corporatism. If anything it's the opposite, that state functions are controlled privately, as opposed to private ones being controlled publicly.

But I suppose as with all mixed economies, there's a lot of murky middle there.

Writer, technologist, educator, gadfly.
President of New World University: http://newworld.ac

Well, but "socialism" actually means something, it suggests the means of production are nationalised, and that's not the case under corporatism. If anything it's the opposite, that state functions are controlled privately, as opposed to private ones being controlled publicly.

But I suppose as with all mixed economies, there's a lot of murky middle there.

In the Soviet Union there were stores with well stocked shelves. They were of course reserved for the people that were "Most equal"

Under practical socialism, special perks replace money. I used to have talks with the Maoist leader of the socialist workers party. She would tell me stories Like the one about female factory workers in China that worked harder to at the factory to increase production. I asked her why they did that and she said for the good of society (Read the greater good) Not believing it I pressed her about that she insisted it was true. She did what she did because she felt like she belonged to something bigger. I really doubt that is why those women did what they did. More like they got to go to the special store.

“The further a society drifts from truth the more it will hate those who speak it.” … George Orwell